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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: No Mo Mo who wrote (4977)	11/23/2009 1:16:43 PM
From: Real Man	Respond to of 26251

No, but valuations for many gold miners including IAG are very rich. The point is, unless they get more gold in the hole, if that gold in the hole is valued at $300-$400 per Oz, risk is all that's left. Much higher prices will drive new discoveries, but so far I don't think that has been the case. We have "peak gold", with global gold production in decline since 2001. You are right, you can't compare the two gold bulls. The last one was K-summer, now is definitely K-winter. Gold goes up in both.